Ether, the world’s second most popular cryptocurrency, also appeared to follow the path of bitcoin and slipped below the $2,000 mark. At the time of writing this, the value of Ether on Coinswitch Kuber is $1,964 (approximately Rs 1.56 lakh). The value of this crypto on global exchanges has fallen by 2.72 percent in the last 24 hours and the price is at $1,850 (about Rs 1.47 lakh).
According to data from CoinGecko, the price of ether is down about 0.2 percent compared to last Thursday. Gadgets360’s cryptocurrency price tracker shows that most major altcoins are in a downtrend. The global crypto market cap also saw a decline of 3.09 percent in Wednesday and early Thursday.
Polygon, Polkadot, Uniswap, Cosmos, Solana, Monero, Cardano, Cosmos, Avalanche and BNB have seen price declines in the last 24 hours. Shiba Inu and Dodgecoin prices are also declining. Dodgecoin is currently valued at $0.09 (approximately Rs 7.6), after falling 7.26 per cent over the past 24 hours, while the Shiba Inu is valued at $0.000016 (approximately 0.001291), down 2.05 per cent from the previous day.
The CoinDCX research team told Gadgets 360 that the open interest for Ethereum options crossed $8.2 billion (about Rs 65,318.5 crore). It rose to over $5.4 billion (approximately Rs 43,013 crore) in comparison to bitcoin, as traders are betting on ethereum.